Thread regarding BlackLine layoffs

Same problem as before, terrible leadership has caused the need for another round of layoffs. This time 7%-9% of total workforce. Meanwhile we continue to hire for various positions and just completed a fancy new 50,000 square foot office in India.

Co-CEO Owen recently answered a question at a Townhall about the missing of certain expectations from Wall Street and divulged that annual reviews always came up great for individual performances, and yet here we are with a suffering stock price…so obviously there’s an overvaluation of the workforce of itself. Rather than look at themselves in the mirror, Owen, Therese, Charlie, and the rest of the C-Level are blaming the employees instead of the culprit being their ineptitude as it pertains to software engineering, delivery, and sales in a SaaS model. From Sales & Marketing to Product, BlackLine has been getting ran into the ground by accountants who refuse to acknowledge their own limitations as they pertain to the ins and outs of enterprise software. It has some of the most talented engineering teams, but even those are being slowly replaced by cheaper / mediocre engineers in India. And to make the abuse even worse, reviews are being contrived as bad to foster the narrative of blame, thus justifying the lack of RSU grants and/or raises and bonuses to their top performers.

It’s a disgustingly sad time for BlackLine as it’s destroyed by the arrogance of its founder and her narcissistic lack of self-awareness (which she has made contagious across the C-Suite).

I know a few people who were let go without their manager even knowing. Pretty f*cked up that they let people go without consulting with their managers who could have defended them. These were people in both sales and marketing roles. I can say that one of these people was on my team and I still don’t understand why they were let go. The person was really good in their role and now my workload has tripled yet I’m still getting paid the same low salary.

This is a bit of a jaded perspective. People who were let go, at least in my area, needed to go frankly. I hate to say it but it’s healthy and removes alot of distraction for me and my team.

I'm working for BL and worked with "some of her best employees" that were absolute trash even after a few years in the company. Juniors were absolutely incompetent and older people got lazy and comfortable.